CHARTERED ACCOUNTANT
NOTIFICATION New Delhi, the 18th January, 2022 G.S.R. 24(E).—In exercise of the powers conferred by sub-section (1B) of section 45, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct taxes hereby makes the following rules further to amend the Income-tax Rules,1962, namely:─ 1. Short title and commencement.— […]
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The Finance Act, 2017 had inserted a new section 139AA in the Income-tax Act, 1961, requiringevery person who is eligible to obtain Aadhaar to quote his Aadhaar number while applying forPAN or furnishing return of income with effect from July 1, 2017. If any person does not possessthe Aadhaar Number but he had applied for […]
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The idea of a Goods and Services Tax (GST) for India was first mooted sixteen years back, during the Prime Ministership of Shri Atal Bihari Vajpayee. Thereafter, on 28th February, 2006, the then Union Finance Minister in his Budget for 2006-07 proposed that GST would be introduced from 1st April, 2010. The Empowered Committee of […]
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